The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
BTC's failure on breakout of daily 20EMA is being led to drop down a lot. Let's start analysis BTC/USD.
If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
A. Briefing
. Fail to penetrate 20EMA on daily chart
. Supported by trend line in short-term
B. Weekly Chart
https://www.tradingview.com/x/BjY255rG/
a. Trend
Fail to ...
CHF/JPY potentially forming a bullish 5-0 pattern
Action : Short
Open : 116.250
Target : 115.500
then
Action : Long
Open : If price bounce around 115.150 - 115.250
Target : 115.900
GBPUSD Bearish Gartley Pattern
Entry zone is : 1.3146 1.3148
Watch for price action when price enter the zone
Find some bearish singal before you trade.
SL should be Above the X point
New Buying Opportunity: USDCHF
in 1H Chart, the Downtrend Channel was broken
therefore now the trend is no longer bearish
but sideway.
Watch 0.966-0.965 Level.
0.618+Horizontal Structure.
I will be ineterested to buy FX:USDCHF if it hits this zone.
Coz it may give us a potential High Low to catch
a new Up trend.
GOLD Weekly View:
89 EMA is good to identify Long Term Trend.
Last week, Gold already break down the 89 EMA
This Week, Gold made lower low and confirmed Bearish Trend.
From Supply - Demand view: Gold doesnt' have good demand zone untill 1133
From Harmonic Pattern View: Gold may complete the AB=CD untill 1113
Therefore, The only Strategy we are going to apply ...
DGB success to break channel down at previous pattern, and perform channel up.
Right now DGB at fibonacci support area. If this support able to hold bearish movement, we can aim 31% profit projection at 552
Note :
If this pattern failed, we have 2 support line, at 351 as triple bottom suport and 302 as major support
The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the ...
This idea is just based on technical analysis… (sentiment etc. are all bullish). So let´s see whats going to happen.
Left: daily
Right: weekly
TPs are based on AB=CD retracements
I would suggest that you work with your own SL. SL indicated is 3% (which is a lot, you might want to work with a more tight SL). In such cases I reduce dramatically my investment, ...
![BTCUSD: [Red Apple] BTC/USD briefing _ 18.09.18](https://s3.tradingview.com/z/z6zV6XPW_mid.webp "[Red Apple] BTC/USD briefing _ 18.09.18")
